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Other Comprehensive Income (Loss)
3 Months Ended
Mar. 31, 2025
Stockholders' Equity Note [Abstract]  
Other Comprehensive Income (Loss) Other Comprehensive Income (Loss)
The following tables present reclassifications out of the accumulated other comprehensive income (loss) for the three month periods ended March 31, 2025 and 2024:
Three Months Ended March 31, 2025
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized (loss) gain during the period$21,489 $(5,372)$16,117 
Net unrealized gains21,489 (5,372)16,117 
Employee benefit plans:
Amortization of net retirement plan actuarial gain (loss)171 (43)128 
Amortization of net retirement plan prior service cost49 (12)37 
Employee benefit plans220 (55)165 
Other comprehensive income$21,709 $(5,427)$16,282 
 
Three Months Ended March 31, 2024
(In thousands)Before-Tax
Amount
Tax (Expense)
Benefit
Net of Tax
Available-for-sale debt securities:
Change in net unrealized gain (loss) during the period$(13,284)$3,256 $(10,028)
Net unrealized losses(13,284)3,256 (10,028)
Employee benefit plans:
Amortization of net retirement plan actuarial gain242 (59)183 
Amortization of net retirement plan prior service cost45 (11)34 
Employee benefit plans287 (70)217 
Other comprehensive (loss) income$(12,997)$3,186 $(9,811)
 
The following table presents the activity in our accumulated other comprehensive income (loss) for the periods indicated:
 
(In thousands)Available-for-
Sale Debt Securities
Employee
Benefit Plans
Accumulated
Other
Comprehensive
(Loss) Income
Balance at January 1, 2025$(101,694)$(16,798)$(118,492)
Other comprehensive loss before reclassifications16,117 16,117 
Amounts reclassified from accumulated other comprehensive (loss) income165 165 
Net current-period other comprehensive income16,117 165 16,282 
Balance at March 31, 2025$(85,577)$(16,633)$(102,210)
Balance at January 1, 2024$(99,535)$(25,470)$(125,005)
Other comprehensive income before reclassifications(10,028)(10,028)
Amounts reclassified from accumulated other comprehensive (loss) income217 217 
Net current-period other comprehensive (loss) income(10,028)217 (9,811)
Balance at March 31, 2024$(109,563)$(25,253)$(134,816)
The following tables present the amounts reclassified out of each component of accumulated other comprehensive (loss) income for the three months ended March 31, 2025 and 2024:

Three Months Ended March 31, 2025
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$Net gain (loss) on securities transactions
Income tax expense
Net of tax
Employee benefit plans:
Amortization of the following 2
Net retirement plan actuarial loss(171)Other operating expense
Net retirement plan prior service cost(49)Other operating expense
(220)Total before tax
55 Income tax expense
$(165)Net of tax

Three Months Ended March 31, 2024
Details about Accumulated other Comprehensive Income (Loss) Components (In thousands)
Amount
Reclassified from
Accumulated
Other
Comprehensive
(Loss) Income1
Affected Line Item in the
Statement Where Net Income is
Presented
Available-for-sale debt securities:
Unrealized gains and losses on available-for-sale debt securities$Net gain (loss) on securities transactions
Tax expense
Net of tax
Employee benefit plans:
Amortization of the following2
Net retirement plan actuarial loss(242)Other operating expense
Net retirement plan prior service cost(45)Other operating expense
(287)Total before tax
70 Income tax expense
$(217)Net of tax
1 Amounts in parentheses indicate debits in income statement.
2 The accumulated other comprehensive (loss) income components are included in the computation of net periodic benefit cost (See Note 8 - "Employee Benefit Plan").